国家风险、全球经济政策不确定性和宏观经济因素对土耳其旅游业的影响

IF 2.9 Q2 HOSPITALITY, LEISURE, SPORT & TOURISM

International Journal of Hospitality & Tourism Administration Pub Date : 2021-05-31 DOI:10.1080/15256480.2021.1935393

Farid Irani, Seyed Alireza Athari, Abobaker Al.Al. Hadood

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引用次数: 16

摘要

摘要本研究调查了2000-2007年期间特定国家的风险，即政治和经济风险、全球经济政策的不确定性以及宏观经济因素对土耳其旅游公司股票价格的影响。通过考虑结构性断裂，研究结果强调，从长远来看，政治和经济风险、全球经济政策不确定性和实际汇率的上升与股价的下跌相对应。此外，短期结果表明，实际汇率和全球经济政策的不确定性对股价产生了负面影响，尽管股价对政治风险的上升做出了积极反应。据我们所知，这是第一项试图进行这种联系的研究，研究结果对经理、投资者和资产分析师具有重要意义。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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The Impacts of Country Risk, Global Economic Policy Uncertainty, and Macroeconomic Factors on the Turkish Tourism Industry

ABSTRACT This study investigates the impacts of country-specific risk, namely, political and economic risks, global economic policy uncertainty, and also macroeconomic factors on the price of Turkish tourism firms’ stocks during the 2000 to 2017 period. By considering the structural break, the results underscore that a rise of political and economic risks, global economic policy uncertainty, and real exchange rate correspond with decreasing stock prices in the long-run. Moreover, the short-run results show that the real exchange rate and global economic policy uncertainty impact stock prices negatively though stock prices react positively to a rise of political risk. To the best of our knowledge, this is the first study that attempted to conduct this nexus, and findings have important implications for managers, investors, and assets analysts.

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来源期刊

International Journal of Hospitality & Tourism Administration HOSPITALITY, LEISURE, SPORT & TOURISM-

CiteScore

6.30

自引率

8.60%

发文量

期刊介绍： The International Journal of Hospitality & Tourism Administration is an applied, internationally oriented hospitality and tourism management journal designed to help practitioners and researchers stay abreast of the latest developments in the field as well as facilitate the exchange of ideas. The journal addresses critical competency areas that will help practitioners be successful in this growing field now and into the future. An exciting and challenging international forum, the journal reflects current happenings and trends in the industry.